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Toronto Hydro 2014 CR Report_FINAL

Dividends to the City of Toronto
Toronto Hydro Corporation declared and paid dividends to the City totalling
$48.0 million in 2012, $43.0 million in 2013, and $60.6 million in 2014.
$60.6
MILLION
2014
$43.0
MILLION
2013
$48.0
MILLION
2012
2015-2019 Rates Application
On July 31, 2014, Toronto Hydro submitted a five-year Custom Incentive Regulation (CIR)
rates application for significant investment into Toronto’s aging electricity grid. The plan
calls for approximately $4 billion in funding for increased maintenance, operational support
and capital investments into the distribution system. This application represents a five-year
investment plan at a crucial time in our history. Investments are required to address aging
infrastructure, continue to supply a safe and reliable source of electricity in a rapidly growing,
dense urban environment, integrate new technologies to modernize the grid and optimize our
customer service.
The following subjects were considered in the development of our plans:
• Asset age profile and risk-based analytical tools, grid maintenance
requirements and past and emerging reliability trends
• Staffing requirements to address Toronto Hydro’s aging workforce
• Customer service needs and expectations (e.g. service levels, disaster
preparedness, rate impacts)
• Externally-driven costs
20 TORONTO HYDRO 2014 CORPORATE RESPONSIBILITY REPORT